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Brandon M.
Brandon M., Counselor at Law
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If I had in house fiancing on my car would a reposession affect

Resolved Question:

If I had in house fiancing on my car would a reposession affect my credit?
Submitted: 5 years ago.
Category: Legal
Expert:  Brandon M. replied 5 years ago.
Hello there:

Ordinarily yes. Even though the financing is in-house the delinquency and repossession would still be reported to the credit bureaus unless the dealership from which you made the purchase is extremely tiny---think of less than 10 cars on the lot.

I hope that this helps you to understand the law in your situation. Let me know if I may be of further assistance. Thank you.
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